Technicals for Summer Asset Management Internship

To maximize your chances of landing an asset management internship as an analyst, here’s what you should focus on:

1. Master Technical Skills

• Financial Modeling: Develop a strong foundation in financial statement modeling, DCF, M&A, LBO, and comparable company analysis. The WSO Elite Modeling Package is highly recommended for mastering these skills.
• Excel Proficiency: Learn advanced Excel functions and shortcuts, as they are crucial for efficiency in asset management roles.
• Market Awareness: Stay updated on market developments, such as acquisitions, leadership changes, or macroeconomic trends. Use tools like Bloomberg, Reuters, and RSS feeds to gather daily insights.

2. Leverage Relevant Resources

• The WSO Investment Banking Interview Prep Course is a great resource, especially the Technical Guide. While it’s geared towards IB, the technical knowledge is highly relevant to asset management.
• If you’re a non-finance major, these resources are even more critical to help you stand out and make it to the second round of interviews.

3. Networking and Relationship Building

• Build relationships with professionals in the industry. Attend networking events, reach out to alumni, and connect with people on LinkedIn.
• Develop a mentor-mentee relationship if possible, as this can provide invaluable guidance and potentially lead to opportunities.

4. Showcase Your Interest

• Express genuine interest in asset management by discussing specific sectors or niches you’re passionate about. For example, if you’re covering industrials, be prepared to discuss recent developments in that sector.
• Be proactive in learning about the focus areas of the teams you’re interested in and ask insightful questions.

5. Behavioral Preparation

• Practice behavioral interview questions to articulate your experiences effectively. Highlight your current trading internship and how it has prepared you for an analyst role.

6. Consider Additional Certifications

• If time permits, consider starting the CFA Level 1 curriculum, as it’s highly regarded in asset management.

By focusing on these areas, you’ll position yourself as a strong candidate for a summer asset management internship. Good luck!

Sources: Advice for summer Asset Management interns, Advice for summer Asset Management interns, Week 1 of IBD Internship: Training